Aiming to invest USD 650 million in DBL Industrial Park at Shreehatta Economic Zone, Moulvibazar, Sylhet; DBL laid its foundation stone at an event in Dhaka on 22 August. Dr. Ahmad Kaikaus, Principal Secretary to Honorable Prime Minister laid the foundation stone as Chief Guest at the foundation laying ceremony. Shaikh Yusuf Harun (Senior Secretary), Executive Chairman, Bangladesh Economic Zones Authority (BEZA) was present as Special Guest. DBL Group’s Chairman Abdul Wahed, Managing Director M. A. Jabbar, Vice Chairman M. A. Rahim, Deputy Managing Director M. A. Quader were also present in this ceremony along with other respected dignitaries. Establishing over 167.6 acres with the total of 10 manufacturing units featuring latest technology and diversified DBL products, this industrial park will create almost 6,000 job opportunities.
DBL Group is a family owned business which started in 1991. The first company was named as Dulal Brothers Limited. Over the years, the organization evolved into a diversified conglomerate in Bangladesh. The businesses include Apparels, Textiles, Textile Printing, Washing, Garments Accessories, Packaging, Ceramic Tiles, Pharmaceuticals, Dredging, Semiconductor Design (VLSI), ICT, and Telecommunications. With a dedicated workforce of 39,000 employees, the annual turnover for the year 2018-19 was USD 600 Million. The organization has financial investments from IFC of the World Bank, DEG-KfW (Germany), and Swedfund (Sweden). DBL engaged in its first offshore business in Ethiopia for Apparels and Textiles, creating employment opportunities for 4,500 people. DBL’s activities are in alignment with the UN Sustainable Development Goals (SDG) and have been recognized internationally by the UN Global Compact and the Business Call to Action (BCtA) of the UN Development Program (UNDP). DBL is a signatory to the Global Compact and has been publishing its sustainability reports since 2014 following the GRI guidelines.
